#TeslaBTCQ3HoldingsStable

Tesla maintained its Bitcoin holdings steady during Q3 2023,

keeping approximately 9,720 BTC valued at around $275.6 million. This marks the fifth consecutive quarter without any changes in its Bitcoin position.

The company initially invested $1.5 billion in Bitcoin in early 2021, but sold 75% of its holdings by mid-2022 due to concerns related to COVID lockdowns and the need to strengthen cash reserves.

Tesla’s Q3 earnings report also showed declining profits, with revenue of $23.35 billion, falling short of analyst expectations

.... Muhammad Ramzan